The yet to be named combination of Albertsons and the remaining Rite Aids not sold to Walgreens will trade publicly on the New York Stock Exchange. Rite Aid’s current chairman John Standley will become chief executive officer and Albertsons Companies chairman and CEO Bob Miller will become chairman of the larger new company.

The combination of Rite Aid and Albertsons will operate about 4,900 locations, 4,350 pharmacy counters and 320 clinics across 38 states and Washington, D.C. Most Albertsons will be rebranded as Rite Aid and the company will continue to operate Rite Aid stand-alone pharmacies.